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BioNTech to Build mRNA Vaccine Manufacturing Site in Singapore

BioNTech said on Monday it plans to set up a regional headquarters and build a new manufacturing site for its vaccines based on messenger RNA technology (mRNA) in Singapore, in the latest move to expand its production network. The biotech company said the Singapore production facility will have an estimated annual capacity of several hundred million doses of mRNA-based vaccines depending on the specific type, once it is operational in 2023.
BioNTech said its expansion plans were supported by the Singapore Economic Development Board and would increase the global supply of mRNA-based vaccines and establish a production facility in southeast Asia to respond rapidly to future pandemics.


“Having multiple nodes in our production network is an important strategic step in building out our global footprint and capabilities,” said Ugur Sahin, CEO and Co-founder of BioNTech. Governments around the world are looking to build up local vaccine production to secure access to supplies after manufacturing setbacks have slowed the rollout of Covid-19 doses in some countries.

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Putin Accepts Modi’s Invite to India, Preparations Begin

Dhruva Kulkarni

Russian President Vladimir Putin has accepted Prime Minister Narendra Modi’s invitation to visit India, with preparations underway, Russian Foreign Minister Sergey Lavrov announced on 27th March.

Speaking at the ‘Russia and India: Toward a New Bilateral Agenda’ conference, Lavrov confirmed that arrangements for the visit are in progress but did not disclose the dates.

He noted that Modi’s first foreign visit after his re-election in 2024 was to Russia, adding, “Now it’s our turn.” Modi last visited Russia in July 2024 after nearly five years.

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On 24th March, Lavrov stated that Russia is developing a “privileged strategic partnership” with India while expanding ties with China, Iran, North Korea, and CIS nations.

In January, Putin emphasised Russia-India relations as a “special and privileged strategic partnership” in his Republic Day message to India.

Modi and Putin maintain regular communication, speaking over the phone every few months and meeting in person during international events.

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Canada Spy Agency Warns of India, China Meddling in Election on 28th April

Dhruva Kulkarni

Canada’s intelligence agency, CSIS, has warned that India and China are likely to interfere in the 28th April election, with Russia and Pakistan also posing potential threats.

The report comes amid strained Canada-India and Canada-China relations, with both nations denying the allegations. CSIS found evidence of foreign interference in the 2019 and 2021 elections but stated that the outcomes were not affected, noting Canada’s slow response.

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Deputy Director Vanessa Lloyd warned that China will likely use AI-enabled tools to influence the upcoming election.

Tensions between Canada and India worsened last year after Canada accused India of an assassination plot against a Sikh separatist, leading to diplomatic expulsions.

CSIS continues to monitor foreign interference threats, emphasising the need to safeguard democratic processes and maintain public trust.

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Trump Announces 25% Additional Tariff on Venezuela Trade

Ali Waghbakriwala
trump Impacts on Indian Stock Market

US President Donald Trump announced new tariffs targeting nations purchasing oil and gas from Venezuela.

On 24 March, Trump declared that the US would impose an additional 25% tariff from 2 April on countries importing oil from Venezuela, impacting both direct and indirect buyers.

“Venezuela has been very hostile to the United States and the freedoms we uphold. Any country purchasing oil or gas from Venezuela will have to pay a 25% tariff to the US on any trade they conduct with us,” Trump stated on Truth Social.

This new “secondary tariff” will be added to the existing duties, further tightening economic pressure on Venezuela.

In his announcement, Trump claimed that Venezuela has been deliberately sending criminals to the US, which he cited as one of the “numerous reasons” for imposing the tariff.

The decision, which could further destabilize global trade, is also expected to affect major importers like China, possibly disrupting supply chains.

Since his return to the White House in January, Trump has actively imposed tariffs on both US allies and rivals, using trade policies as leverage for economic and diplomatic negotiations.

The final decision on implementing the new levy will be determined by the US Secretary of State in consultation with other government agencies.

WORLD

US Trade Envoy to Visit India Before Trump’s Tariff Plan

Dhruva Kulkarni

With Trump’s reciprocal tariffs nearing implementation, a top US trade official is visiting India for key trade discussions.

Assistant USTR for South and Central Asia, Brendan Lynch, will lead a delegation to India from March 25-29, according to a US Embassy spokesperson.

The Wall Street Journal reports that while the White House remains committed to reciprocal tariffs, sectors like automobiles, pharmaceuticals, and semiconductors are unlikely to be affected initially.

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The “dirty 15” nations with the highest trade deficits with the US may still face country-specific tariff rates instead of a tiered system.

Although most imports will be impacted, the final tariff structure is still being determined.

The visit underscores ongoing trade negotiations as both nations work to manage potential disruptions. March 25-29 talks are expected to clarify India’s stance and possible exemptions before the official tariff rollout next week.

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Trump Announces Upcoming US-Ukraine Minerals Deal

Dhruva Kulkarni

Donald Trump stated on Thursday that the US will soon sign a minerals and natural resources deal with Ukraine, linking it to his ongoing peace efforts after recent talks with Russian and Ukrainian leaders.

Speaking at a White House event, he mentioned discussions with Vladimir Putin and Volodymyr Zelenskyy, which resulted in a 30-day pause in Russian attacks on Ukrainian energy infrastructure.

Trump believes these efforts could save thousands of lives and remains hopeful about ending the war.

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The US and Ukraine had previously agreed to develop Ukraine’s critical mineral resources, with Trump viewing it as a way for Kyiv to repay US support.

However, efforts to finalise the deal faced setbacks after a heated White House meeting with Zelenskyy last month, temporarily halting US military aid.

A revised version of the deal is reportedly more detailed but does not yet include Ukraine’s requested security guarantees. At the same time, the EU has yet to approve additional artillery funding for Kyiv.

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